Market Infrastructure

Crypto / Digital Assets

BIS Offers Blueprint for Future Monetary & Financial System

By Editors | 21/06/2023

The BIS says the future financial system will combine tokenised money and assets on a programmable platform.

Capital / Liquidity

BOE to Include Hedge Funds, Pension Funds in Scenario Exercises

By Editors | 20/06/2023

The system-wide exploratory scenario will encompasses hedge funds and pension funds alongside large banks, insurers, and CCPs for the first time.

Market Infrastructure

EU Proposes New Rules to Address Cum-Ex Tax Dodge Schemes

By Mark Johnston | 19/06/2023

The proposals aim to make withholding tax procedures more efficient and secure for investors, banks and tax authorities.

Market Infrastructure

RBNZ Considers Expanding Access to Settlement Accounts

By Sanday Chongo Kabange | 19/06/2023

The RBNZ is seeking feedback on a framework to assess the risks of opening up access to the Exchange Settlement Account System.

Market Infrastructure

HKEX Launches HKD-RMB Dual Counter Model

By Manesh Samtani | 19/06/2023

24 Hong Kong-listed companies have started offering both HKD and RMB trading counters.

Enforcement

UK MPs Demand Re-examination of LIBOR Rigging Convictions

By Mark Johnston | 18/06/2023

UK MPs say crucial evidence was withheld from the LIBOR manipulation inquiry and that the UK is now alone in treating the actions of the traders involved as criminal.

Crypto / Digital Assets

Industry Raises Concerns Over SEC Proposal to Redefine Exchanges

By Editors | 18/06/2023

SIFMA says the SEC’s attempt to bring DeFi systems into scope could potentially subject other non-DeFi broker-dealer systems to unnecessary regulation.

Market Infrastructure

FIA Issues Standard to Promote Timely Trade Give-Ups and Allocations

By Editors | 18/06/2023

The standard focuses on streamlining the delivery and processing of allocation instructions. A consultation on average pricing was also launched.

Market Infrastructure

FRAA Proposes Draft Metrics Framework for Assessing APRA, ASIC

By Editors | 18/06/2023

The framework will enhance the Financial Regulator Assessment Authority’s assessment toolkit and provide direct insights on APRA and ASIC’s activities.